Salient to Investors:
Lou Basenese at The Wall Street Daily writes:
- At the very least, an uptick in demand is ahead for housing-related and automotive companies.
- Richard Fisher at the FRB Dallas says US GDP could grow 3% in 2013 versus the average economist expectation of 2%.
- Pickup truck sales are rebounding – small business owners, particularly in construction, historically account for a large portion of pickup sales.
- David Wilson at BusinessWeek says the average age of cars, appliances, and furniture in the US is the highest in almost half a century. Barry Ritholtz at Fusion Analytics Investment Partners says well over 50% of the replacement activity will benefit the US economy.
- 60.2% of companies report better-than-expected revenues, a strong indication of demand.
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